Since insurance and domestic partnership laws are different in each state, it’s best to consult with a financial advisor or lawyer who is familiar with laws affecting domestic partnerships in your state.

AUTO
When you buy a car, it is titled. The most practical approach to getting insurance is to ensure that both names are on the title. Most auto insurance policies have one person as the primary driver and others in the household who regularly use the car as secondary drivers. Traditional rating factors, such as the age of drivers, and claim and driving records, will come into play. Depending on the insurance company, a discount may be available to domestic partners involved in a long-term relationship. Some insurance companies will offer a discount, while others don’t, so compare coverage and rates of several companies to see what is available.

HOME
For homeowners, it is likewise important to have both names on the mortgage. This gives both partners an “insurable interest” in the property. If one person owns the home, the other should have separate renter’s coverage to protect his or her personal possessions. Keep receipts so it is clear who should claim what items, even if those items were jointly purchased. In homeowners insurance, the most important factor is the property itself, and the claims history of that property. Insurers also pay attention to the claims history of people who live in the home through loss history reports.